RateMyAgentGo to search
Back 13/2700 East Greenway Parkway
Active

13/2700 East Greenway Parkway

Phoenix AZ 85032

50764 sq. ft.
Land
Currently for sale - view listing

Overview

6791549 (2700 E Greenway Pkwy): $540,000 6791551 (2905 E Grovers Ave): $460,000 Marcus & Millichap is pleased to present Greenway & Grovers (combined 30-unit apartment homes), two prime multifamily development opportunities in the established North Phoenix submarket. Both sites have been entitled and are currently in the building review phase with the city of Phoenix. Greenway (16-units) offers a combination of two- and three-bedroom floorplans averaging ?1,332 square feet, and Grovers (14-units) offers a combination of two- and three-bedroom floorplans averaging ?1,347 square feet, on low density site plans. The scarcity of developable land in this submarket creates high barriers to entry, underscoring the exclusivity of the North Phoenix location and promoting long-term rent growth prospects. With an average single-family home price of ?525,000 within a three-mile radius the rent-vs-own affordability gap supports sustained renter demand that is anticipated to continue. Strong area demographics further enhance the investment potential, boasting an average household income of $92,445 and a median household income of $69,395, with 65% of residents occupying white-collar professions. Additionally, the highly anticipated Taiwan Semiconductor Manufacturing Company (TSMC) marks the largest direct foreign investment in Arizona's history, which is expected to create thousands of high-quality jobs and drive economic growth. Additionally, a robust healthcare presence supported by numerous medical centers and hospitals in the vicinity promote a durable employment base.

Features

50764 sq. ft. lot size
Land

Happy sellers in Phoenix

<50%
Less than 50% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Phoenix over the last 12 months.

Local market activity for land plots in Phoenix

In the last 12 months, 7 land plots similar to 13/2700 East Greenway Parkway, have been sold.

This represents a 250% decrease in land plots sales when compared to the previous 12 months.

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap